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South Korea To Change Its Legal Framework To Better Control Crypto Projects

Yoon Chang-Hyun wants to amend the law from South Korea to prevent another FTX-like scenario from happening.

United statesSouth koreaSouth koreanYoon chang hyunAlameda researchFinancial services commissionNational assemblyGovernor of the financial supervisory serviceNational assembly political affairs committeeFinancial supervisory servicePeople power partyDigital assets billPolitical affairs committeeKorea wantsProtect investorsDigital assets act

Crypto Whales in Korea Come Money Laundering Surveillance

The FSC in South Korea will monitor crypto whales with more than 100M won in assets. It seeks to prevent any money laundering or illicit activity.

South koreaFinancial service commissionFinancial action task forceGovernor of the financial supervisory serviceKorea financial service commissionFinancial intelligence unitFinancial supervisory service

South Korea Enforces Crypto Taxes With NFTs Excluded

South Korea will begin taxing cryptocurrencies from 1 Jan. 2022, but the rules do not apply to the burgeoning NFT sector.

South koreaSouth koreanJeong eun boBeeple everydaysFinancial services commissionNational assemblyGovernor of the financial supervisory serviceKorea ministry of economyHong nam kiKorea introducesCrypto income taxFinancial supervisory serviceKorea proposesSeize cryptoKorea tells crypto exchangesMarket hypothesis

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